Russia hints at economic stimulus

Daniel J. GraeberMOSCOW, Jan. 17 (UPI) — After hinting at a new tax policy on the oil industry, the Russian government said nearly $2 billion will be set aside to help the economy.

Gas prices finally edge lower

Daniel J. GraeberWASHINGTON, Jan. 17 (UPI) — Relief in the form of stagnant crude oil prices and a good outlook for the nation’s refineries means U.S. gas prices edged a bit lower, a retail analysis found.

Cairn Energy has cash for new drilling

Daniel J. GraeberEDINBURGH, Scotland, Jan. 17 (UPI) — There’s a significant resource base from African basins and new output is expected from operations closer to home in the North Sea, Cairn Energy said.